Popular streaming service, Netflix has announced the acquisition of the Australian animation studio ‘Animal Logic’, responsible for “Happy Feet,” “The Lego Movie,” “Peter Rabbit” and more. The transaction of the Netflix Animal Logic acquisition deal is expected to close later this year. The two companies are already collaborating on “The Magician’s Elephant,” which is set for a 2023 release, and “The Shrinking of Treehorn,” Ron Howard’s debut animated feature.
Netflix Animal Logic Acquisition Deal Will Increase Netflix’s Animation Space
“Netflix has been investing in animation over the past few years, and this furthers our commitment to building a world-class animation studio,” said Amy Reinhard, Netflix vice president of Studio Operations, in an official statement. “Animal Logic is a leading animation studio with innovative technology that will strengthen our existing business and increase our long-term capacity in the animation space so that we can better entertain our members around the world.”
The Netflix Animal Logic acquisition deal places the streaming company in a better position to compete against Disney+ and its array of family-friendly animated films. Expanding the Netflix animation team is the company’s attempt to advance the buildout of its “end-to-end animation production capabilities.”
Animation Studio ‘Animal Logic’ Has Produced One of the Best Content Over the Years
Founded in 1991, Animal Logic’s film work has included The Lego movies, the two “Peter Rabbit” films, “Legend of the Guardians: The Owls of Ga’Hoole” and “Happy Feet.” The studio also has produced visual effects for movies including “The Matrix,” “Moulin Rouge!”, “300” and “The Great Gatsby” and “Captain Marvel.” Netflix said Animal Logic, led by CEO and co-founder Zareh Nalbandian, will continue operating under the Animal Logic brand and will “fulfill production of existing and ongoing commitments and continue to collaborate and work with longstanding studio partners.”